Financial police unit investigated £900k scam

Two men have been sentenced at Inner London Crown Court to a combined total of 12 years and seven months in prison for conspiring together to commit over £900,000 of fraud.

The sentencing earlier this month followed a successful investigation by the Dedicated Card and Payment Crime Unit (DCPCU), a specialist police unit sponsored by the banking and finance industry that investigates the criminals responsible for fraud.

According to UK Finance, two former bank employees Gerald Francis Sarpong, 33, of Chigwell, Essex, and Mohammed Mehboob Uddin, 30, of Bethnal Green, East London, conspired with other unknown individuals to commit a total of £936,565 of fraud between 1 January 2018 and 30 October 2018.

The fraud was spotted by the bank and referred to the DCPCU to investigate the case.
Sarpong and Uddin both pleaded guilty to conspiracy to defraud.

Sarpong received a prison sentence of 5 years and 11 months while Uddin received 6 years and 8 months imprisonment.

“Sarpong and Uddin acted with impunity, thinking they could get away with committing over £900,000 of fraud,” said Ben Hobbs, detective sergeant of the DCPCU. “This case shows that anyone who is caught abusing the trust placed in them by their employer will be punished.”

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